==========================================================================
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
---------------
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) - December 8, 1999
INTERWORLD CORPORATION
(Exact Name of Registrant as Specified in Its Charter)
Delaware 000-26925 13-3818716
-------- --------- ----------
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification Number)
395 Hudson Street, 6th Floor
New York, New York 10014-3669
-----------------------------
(Address, including zip code, of Principal Executive Offices)
(212) 301-2500
--------------
(Registrant's telephone number including area code)
Not Applicable
--------------
(Former name or address, if changed from last report)
===========================================================================
<PAGE>
Item 5. Other Events.
On December 8, 1999, InterWorld Corporation issued the press release attached
hereto as Exhibit 99.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunder duly authorized.
INTERWORLD CORPORATION
Date: December 8, 1999 By: /s/ Peter Schwartz
---------------------- -------------------------------
Peter Schwartz
Chief Financial Officer
<PAGE>
EXHIBIT INDEX
Exhibit
No. Description
---- -----------
99. Press release dated December 8, 1999
<PAGE>
Exhibit 99
FOR IMMEDIATE RELEASE
- ---------------------
Investor Contact: Media Contact:
Kiron Bloom Chris Faust
InterWorld Corporation InterWorld Corporation
212-301-8747 212-301-2375
[email protected] [email protected]
- --------------------- ---------------------
INTERWORLD APPOINTS JEREMY M. DAVIS AS PRESIDENT AND CHIEF EXECUTIVE OFFICER
Alan J. Andreini to Continue in the Newly-Created Role of Vice-Chairman
NEW YORK, NY, December 8, 1999 -- InterWorld(R) Corporation (NASDAQ: INTW), a
leading provider of Enterprise Commerce software solutions for manufacturers,
distributors and retailers, today announced the appointment of Jeremy M. Davis
to the position of President and Chief Executive Officer. Mr. Davis, who will
also serve on InterWorld's Board of Directors, succeeds Alan J. Andreini. Mr.
Andreini will continue to play an active role in the newly-created position of
Vice Chairman.
The appointments, effective January 5th, 2000, are part of the Company's
strategy to manage its growth and capture a larger share of the Enterprise
Commerce software market. As Vice Chairman, Mr. Andreini will concentrate his
efforts on customer satisfaction and new business development.
Commenting on Mr. Davis' appointment, Mr. Andreini stated, "We conducted an
extensive search for someone of Jeremy's caliber, and are pleased and excited
that he has joined InterWorld. With his significant software industry expertise
and successful implementation of company best practices, he is extremely well
qualified to lead InterWorld to the next level. His appointment allows me to
focus 100% of my time on making InterWorld the standard Enterprise Commerce
solution for retailing, manufacturing and distribution."
Mr. Davis, age 45, joins InterWorld from InConcert, Inc., a workflow management
software company, where he has been President and Chief Executive Officer since
1997. During his tenure, InConcert rose to a position of global leadership in
client server-based process management solutions for the telecommunications OSS
market. The company experienced an annual growth rate of more than 80% under his
leadership and was recently acquired by Tibco Software.
-more-
<PAGE>
From 1995 to 1996, Mr. Davis was President and Chief Executive Officer of
Business Matters, Inc. In this capacity, he was engaged by New Enterprise
Associates (NEA), a Baltimore-based venture capital firm, to evaluate and
provide recommendations on a portfolio start-up company that produced financial
planning and modeling software.
Previously, from 1990 to 1995, Mr. Davis was employed by Dun & Bradstreet, Inc.,
as President of two companies which prospered greatly under his innovative
leadership. These organizations included Erisco, Inc., which develops software
for the group health insurance and defined contribution benefits markets, and
Sales Technologies Inc., a multinational company based in Atlanta which develops
sales force automation software.
"I am thrilled to have the opportunity to lead InterWorld into the next
millennium," said Mr. Davis. "The Company, with its robust, scalable Enterprise
Commerce technology, is uniquely positioned for further growth in today's
dynamic and rapidly evolving global eCommerce market."
About InterWorld
InterWorld Corporation is leading the Enterprise Commerce movement that enables
businesses to compete and evolve in today's new digital economy. Enterprise
Commerce enables businesses to sell to customers online, while maintaining one
business strategy across all channels to achieve operational efficiency and earn
maximum customer loyalty. With InterWorld's Commerce Exchange solution,
manufacturers, distributors and retailers can get to market quickly, scale to
meet growing demands, as well as evolve to keep pace with changing market
conditions and customer demands.
InterWorld powers some of the most respected and innovative companies on the Web
such as American Eagle Outfitters, Authentic Fitness Corporation, Brooks
Brothers, Inc., GUESS?, Inc., Insight Enterprises, Inc., J&R Music and Computer
World, Lids Corporation, Oki Data Americas, Inc., and Warnaco, Inc. Founded in
1995, InterWorld is headquartered in New York, NY with offices in North America,
Europe, and Asia-Pacific. InterWorld can be reached at 1-877-326-6637 or
http://www.interworld.com.
- -------------------------
# # #
InterWorld is a registered trademark of InterWorld Corporation. All other
trademarks are acknowledged.
